5412 Colleen DRIVE
About This Property
Step into relaxation in the updated lanai, featuring modern windows that invite in natural light and create a tranquil ambiance. The roof, enhanced by All Weather Roofing, ensures lasting durability, emphasizing the property's commitment to maintenance.
Inside, discover a meticulously maintained haven where convenience meets comfort. Recent updates include new windows in the lanai, a reliable dryer, a contemporary microwave, and a modern toilet. Practicality meets efficiency with dual water heaters and a utility shed housing the washer and dryer.
The carport accommodates two vehicles., NO Pets, sorry. Enjoy worry-free living with a low maintenance fee of $210/month, covering water, sewer, trash, cable, internet, lawn care, management services, and access to the clubhouse and swimming pool.
Whether seeking a winter retreat or year-round residence, this property offers the best of both worlds. Revel in the proximity to shopping, banks, the airport, and the stunning beaches of Anna Maria Island, all just minutes away. Embrace a vibrant community and make this inviting haven your new home.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 18, 2024 | Sold | ||
| Sold | |||
| Feb 8, 2024 | In contract | - | |
| In contract | |||
| Dec 19, 2023 | Listed by EXP REALTY LLC | $165,000 | |
| Listed by EXP REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017